Amphenol Corporation (NYSE:APH – Get Free Report) shares were up 8.4% during trading on Monday. The company traded as high as $81.21 and last traded at $80.8910. Approximately 18,946,100 shares changed hands during trading, an increase of 10% from the average session volume of 17,165,492 shares. The stock had previously closed at $74.59.
Analyst Upgrades and Downgrades
Several research analysts have commented on APH shares. Truist Financial lifted their price target on Amphenol from $107.50 to $112.00 and gave the stock a “buy” rating in a research report on Thursday, October 29th. Robert W. Baird decreased their price objective on Amphenol from $190.00 to $105.00 and set an “outperform” rating for the company in a report on Tuesday, October 6th. Wall Street Zen upgraded shares of Amphenol from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. UBS Group raised their target price on shares of Amphenol from $105.00 to $111.00 and gave the stock a “buy” rating in a research report on Thursday, October 29th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $116.00 target price (up from $102.00) on shares of Amphenol in a report on Tuesday, October 6th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Amphenol currently has an average rating of “Buy” and a consensus price target of $108.32.
View Our Latest Analysis on APH
Amphenol Price Performance
The company has a debt-to-equity ratio of 0.99, a current ratio of 1.94 and a quick ratio of 1.42. The company has a 50 day moving average price of $81.29 and a 200 day moving average price of $75.53. The firm has a market cap of $199.74 billion, a PE ratio of 35.17, a PEG ratio of 0.89 and a beta of 1.27.
Amphenol (NYSE:APH – Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The electronics maker reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.07. The firm had revenue of $10.23 billion for the quarter, compared to analyst estimates of $9.49 billion. Amphenol had a net margin of 17.95% and a return on equity of 42.53%. Amphenol’s quarterly revenue was up 65.1% on a year-over-year basis. During the same period last year, the firm posted $0.93 EPS. Sell-side analysts expect that Amphenol Corporation will post 2.84 EPS for the current fiscal year.
Amphenol Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 13th. Stockholders of record on Tuesday, December 22nd will be issued a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, December 22nd. This is a negative change from Amphenol’s previous quarterly dividend of $0.25. This represents a $0.60 annualized dividend and a dividend yield of 0.7%. Amphenol’s payout ratio is presently 21.74%.
Amphenol announced that its Board of Directors has authorized a stock buyback plan on Wednesday, October 28th that permits the company to buy back $4 billion in outstanding shares. This repurchase authorization permits the electronics maker to buy up to 2% of its shares through open market purchases. Share repurchase plans are typically a sign that the company’s board believes its stock is undervalued.
Insider Activity
In related news, CEO Richard Norwitt sold 799,576 shares of the stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $82.48, for a total transaction of $65,949,028.48. Following the completion of the transaction, the chief executive officer directly owned 3,855,014 shares of the company’s stock, valued at $317,961,554.72. This represents a 17.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.42% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Amphenol
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Clal Insurance Enterprises Holdings Ltd boosted its stake in shares of Amphenol by 85.0% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 198 shares of the electronics maker’s stock valued at $25,000 after buying an additional 91 shares in the last quarter. Your Advocates Ltd. LLP raised its position in Amphenol by 100.0% in the third quarter. Your Advocates Ltd. LLP now owns 300 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 150 shares in the last quarter. Retirement Wealth Solutions LLC lifted its holdings in Amphenol by 831.2% in the third quarter. Retirement Wealth Solutions LLC now owns 298 shares of the electronics maker’s stock valued at $26,000 after acquiring an additional 266 shares during the period. Sunrise Financial Services LLC lifted its holdings in Amphenol by 100.0% in the third quarter. Sunrise Financial Services LLC now owns 324 shares of the electronics maker’s stock valued at $27,000 after acquiring an additional 162 shares during the period. Finally, NFSG Corp acquired a new stake in Amphenol in the third quarter valued at $28,000. Institutional investors and hedge funds own 97.01% of the company’s stock.
Amphenol Company Profile
Amphenol Corporation designs, manufactures and markets electrical, electronic and fiber-optic connectors, interconnect systems, antennas and sensor products. Its offerings also include cable assemblies and related components used to transmit signals and power in electronic equipment and systems.
The company serves customers in a range of markets, including communications and information technology, automotive, aerospace and defense, industrial, mobile devices and data networks. Its products are used in applications such as vehicles, communications infrastructure, commercial aircraft and industrial equipment.
Founded in 1932, Amphenol has grown into a global manufacturer serving customers across the Americas, Europe and Asia.
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